83 Numbers From 2013 That Are Almost Too Crazy to Believe

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Michael Snyder of The Economic Collapse blog recently compiled a long list of astounding social-economic statistics from the past year. They paint a bleak picture of the future of our current economic system and unless major changes are made, the numbers will only worsen in 2014. There’s probably many more indicators left off the list, but just a small sampling of what’s on it would be enough to worry even the most die-hard optimists:

#1 Most people that hear this statistic do not believe that it is actually true, but right now an all-time record 102 million working age Americans do not have a job.  That number has risen by about 27 million since the year 2000.

#2 Because of the lack of jobs, poverty is spreading like wildfire in the United States.  According to the most recent numbers from the U.S. Census Bureau, an all-time record 49.2 percent of all Americans are receiving benefits from at least one government program each month.

#3 As society breaks down, the government feels a greater need than ever before to watch, monitor and track the population.  For example, every single day the NSA intercepts and permanently stores close to 2 billion emails and phone calls in addition to a whole host of other data.

#4 The Bank for International Settlements says that total public and private debt levels around the globe are now 30 percent higher than they were back during the financial crisis of 2008.

#5 According to a recent World Bank report, private domestic debt in China has grown from 9 trillion dollars in 2008 to 23 trillion dollars today.

#6 In 1985, there were more than 18,000 banks in the United States.  Today, there are only 6,891 left.

#7 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.

#8 The U.S. banking system has 14.4 trillion dollars in total assets.  The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.

#9 JPMorgan Chase is roughly the size of the entire British economy.

#10 The five largest banks now account for 42 percent of all loans in the United States.

#11 Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#12 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

#13 According to the Bank for International Settlements, the global financial system has a total of 441 trillion dollars worth of exposure to interest rate derivatives.

#14 Through the end of November, approximately 365,000 Americans had signed up for Obamacare but approximately 4 million Americans had already lost their current health insurance policies because of Obamacare.

#15 It is being projected that up to 100 million more Americans could have their health insurance policies canceled by the time Obamacare is fully rolled out.

#16 At this point, 82.4 million Americans live in a home where at least one person is enrolled in the Medicaid program.

#17 It is has been estimated that Obamacare will add 21 million more Americans to the Medicaid rolls.

#18 It is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent under Obamacare.

#19 One couple down in Texas received a letter from their health insurance company that informed them that they were being hit with a 539 percent rate increase because of Obamacare.

#20 Back in 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 54.9 percent of all Americans are covered by employment-based health insurance.

#21 The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.

#22 Incredibly, 74 percent of all the wealth in the United States is owned by the wealthiest 10 percent of all Americans.

#23 According to Consumer Reports, the number of children in the United States taking antipsychotic drugs has nearly tripled over the past 15 years.

#24 The marriage rate in the United States has fallen to an all-time low.  Right now it is sitting at a yearly rate of just 6.8 marriages per 1000 people.

#25 According to a shocking new study, the average American that turned 65 this year will receive $327,500 more in federal benefits than they paid in taxes over the course of their lifetimes.

#26 In just one week in December, a combined total of more than 2000 new cold temperature and snowfall records were set in the United States.

#27 According to the U.S. Census Bureau, median household income in the United States has fallen for five years in a row.

#28 The rate of homeownership in the United States has fallen for eight years in a row.

#29 Only 47 percent of all adults in America have a full-time job at this point.

#30 The unemployment rate in the eurozone recently hit a new all-time high of 12.2 percent.

#31 If you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.

#32 In November 2000, 64.3 percent of all working age Americans had a job.  When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job.  Today, only 58.6 percent of all working age Americans have a job.

#33 There are 1,148,000 fewer Americans working today than there was in November 2006.  Meanwhile, our population has grown by more than 16 million people during that time frame.

#34 Only 19 percent of all Americans believe that the job market is better than it was a year ago.

#35 Just 14 percent of all Americans believe that the stock market will rise next year.

#36 According to CNBC, Pinterest is currently valued at more than 3 billion dollars even though it has never earned a profit.

#37 Twitter is a seven-year-old company that has never made a profit.  It actually lost 64.6 million dollars last quarter.  But according to the financial markets it is currently worth about 22 billion dollars.

#38 Right now, Facebook is trading at a valuation that is equivalent to approximately 100 years of earnings, and it is currently supposedly worth about 115 billion dollars.

#39 Total consumer credit has risen by a whopping 22 percent over the past three years.

#40 Student loans are up by an astounding 61 percent over the past three years.

#41 At this moment, there are 6 million Americans in the 16 to 24-year-old age group that are neither in school or working.

#42 The “inactivity rate” for men in their prime working years (25 to 54) has just hit a brand new all-time record high.

#43 It is hard to believe, but in America today one out of every ten jobs is now filled by a temp agency.

#44 Middle-wage jobs accounted for 60 percent of the jobs lost during the last recession, but they have accounted for only 22 percent of the jobs created since then.

#45 According to the Social Security Administration, 40 percent of all U.S. workers make less than $20,000 a year.

#46 Approximately one out of every four part-time workers in America is living below the poverty line.

#47 After accounting for inflation, 40 percent of all U.S. workers are making less than what a full-time minimum wage worker made back in 1968.

#48 When Barack Obama took office, the average duration of unemployment in this country was 19.8 weeks.  Today, it is 37.2 weeks.

#49 Investors pulled an astounding 72 billion dollars out of bond mutual funds in 2013.  It was the worst year for bond funds ever.

#50 Small business is rapidly dying in America.  At this point, only about 7 percent of all non-farm workers in the United States are self-employed.  That is an all-time record low.

#51 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.

#52 Once January 1st hits, it will officially be illegal to manufacture or import traditional incandescent light bulbs in the United States.  It is being projected that millions of Americans will attempt to stock up on the old light bulbs before they are totally gone from store shelves.

#53 The Japanese government has estimated that approximately 300 tons of highly radioactive water is being released into the Pacific Ocean from the destroyed Fukushima nuclear facility every single day.

#54 Back in 1967, the U.S. military had more than 31,000 strategic nuclear warheads.  That number is already being cut down to 1,550, and now Barack Obama wants to reduce it to only about 1,000.

#55 As you read this, 60 percent of all children in Detroit are living in poverty and there are approximately 78,000 abandoned homes in the city.

#56 Wal-Mart recently opened up two new stores in Washington D.C., and more than 23,000 people applied for just 600 positions.  That means that only about 2.6 percent of the applicants were ultimately hired.  In comparison, Harvard offers admission to 6.1 percent of their applicants.

#57 At this point, almost half of all public school students in America come from low income homes.

#58 Tragically, there are 1.2 million students that attend public schools in the United States that are homeless.  That number has risen by 72 percent since the start of the last recession.

#59 According to a Gallup poll that was recently released, 20.0 percent of all Americans did not have enough money to buy food that they or their families needed at some point over the past year.  That is just under the all-time record of 20.4 percent that was set back in November 2008.

#60 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.

#61 Right now, one out of every five households in the United States is on food stamps.

#62 The U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas.

#63 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#64 According to one survey, approximately 75 percent of all American women do not have any interest in dating unemployed men.

#65 China exports 4 billion pounds of food to the United States every year.

#66 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

#67 The number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.

#68 It is being projected that the number of Americans on Social Security will rise from 57 million today to more than 100 million in 25 years.

#69 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars.  Today it is over 56 trillion dollars.

#70 Back on September 30th, 2012 our national debt was sitting at a total of 16.1 trillion dollars.  Today, it is up to 17.2 trillion dollars.

#71 The U.S. government “rolled over” more than 7.5 trillion dollars of existing debt in fiscal 2013.

#72 If the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.

#73 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is up to 101 percent.

#74 The U.S. national debt is on pace to more than double during the eight years of the Obama administration.  In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.

#75 The federal government is borrowing (stealing) roughly 100 million dollars from our children and our grandchildren every single hour of every single day.

#76 At this point, the U.S. already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

#77 Japan now has a debt to GDP ratio of more than 211 percent.

#78 As of December 5th, 83 volcanic eruptions had been recorded around the planet so far this year.  That is a new all-time record high.

#79 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.

#80 Violent crime in the United States was up 15 percent last year.

#81 According to a very surprising survey that was recently conducted, 68 percent of all Americans believe that the country is currently on the wrong track.

#82 Back in 1972, 46 percent of all Americans believed that “most people can be trusted”.  Today, only 32 percent of all Americans believe that “most people can be trusted”.

#83 According to a recent Pew Research survey, only 19 percent of all Americans trust the government.   Back in 1958, 73 percent of all Americans trusted the government. [While it’s unfortunate we can’t trust government, it’s a good thing that more are now aware of reasons why we shouldn’t trust it.]

About the Fainting Diabetic “Saved” by Obama…

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A couple days ago Aaron Dykes and Melissa Melton of Truthstream Media released this dissection of a supposedly spontaneous and unusual incident which took place during a recent Obama speech on healthcare:

Even if someone in the audience pointed out to Obama what was happening behind him, it doesn’t explain the utterly unnatural response of the woman next to Karmel who doesn’t even look at her as she’s holding her hand and propping her up. It also doesn’t explain the number of times very similar incidents have occurred in the past. Faintings might be a common occurrence at large public events but to have them play out in almost the exact same way with the same responses makes it more likely to be scripted political theater.

This video was posted on Cryptogon.com and is much like the “TeamWakeEmUp” clip referenced on the Truthstream video:

The latest fainting incident may have been used to hammer in the point about why we need Obamacare and to distract from embarrassing aspects such as the website access problems, but it must have more important uses for it to be used so many times. Corporations and interest groups spend vast amounts of money to get their people into office. High level politicians are too much of an investment risk to allow to act independently so they must work with teams of advisers, speech writers and PR experts. It’s not hard to see what they would gain from the false-fainting ploy. In some situations it could be a distraction but it also adds an element of surprise, fear, reassurance and a little bit of humor which makes the event more dramatic, emotionally resonant and memorable. It also serves to humanize the speaker while simultaneously endowing them with heroic and paternal qualities: attentiveness, assertiveness, cool headed-ness, compassion, and expertise. This strategy would of course work much better in the days before independent media reports and YouTube compilation clips but those could always be dismissed as delusions of “truthers” and conspiracy theorists.

Building Bridges: Top 10 Issues That 99% Can Agree On

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On a recent episode of PBS Newshour, Jeffrey Brown hosted a roundtable discussion exploring the dangers of polarized politics for American Governance. The guests were Eric Liu, Steven Hayward and Beverly Gage. Most of the discussion was an analysis of the recent government shutdown from a typical left vs. right perspective, but I thought their view of reactions of average citizens was interesting:

JEFFREY BROWN: And so, Eric Liu, let me ask you, because I know you’re very — you’re trying to engage people in the act of citizenship. What do you see the effect of all of this? Are they more engaged? Are they just more disgusted and turned off?

ERIC LIU: Well, I don’t think those are mutually exclusive. There is disgust.

(LAUGHTER)

ERIC LIU: But, because of the disgust, there’s actually more engagement.

And that’s true on both the left and the right. Look, I think the reality is, when Steven was speaking a moment ago about the kind of encroachment of ever-growing and ever-larger government, we can have reasonable debates in this country about what the proper size and scope of government ought to be, but we ought to regard those debates not as “on/off, yes/no, my way or we shut the whole thing down” kind of debates.

…so people from both left and right watching these last two weeks are ready for something different.

They’re ready to actually hear each other and see one another and not the caricatures of one another, and try to figure out, well, where is it that we can manage to agree on the role of government, and where we can’t agree, how can we recognize that to be a citizen isn’t just a single-shot sudden death game. It’s infinite repeat play, and you’re going to win some, and I’m going to win some.

JEFFREY BROWN: All right, let me ask Steven Hayward to respond to this.

Do you see the result of this as people ready to work together or more divisions that ever more polarizes?

STEVEN HAYWARD: Well, I think there’s two things to think about here.

One is, is we have divided government once again. The voters, God bless them, have a lot of cognitive dissonance. Right? In the last week, what you saw is people say, I don’t like Obamacare, but I don’t want the government shut down. I don’t want it to be a matter of a budget fight the way it’s become. And that’s why Republicans lost this proximate battle.

But if you look at some of the poll numbers right now, I think they ought to be very worrying for everybody, but I think more worrying ultimately for liberals, for this reason. You have seen record high numbers of people who now say — I think 65 percent in one poll — that government is a threat to their rights.

You have seen a long-term trend going back really to the 1960s of the number of people saying they have confidence that the federal government will do the right thing down in 15 percent, 20 percent, when it used to be in the ’50s up around 60 to 70 percent. And to the extent that if you’re liberal and that you believe in political solutions to our social problems or government engagement with our problems, you want the public to have confidence in the federal government’s capacities.

And so it seems to me that, as much as this might have been a train wreck for Republicans, the long-term effect of this might not necessarily play out that way.

JEFFREY BROWN: Well, Beverly, when you look back at political — what could be called political crises of the past, what does it — what happens in terms of public response to those?

BEVERLY GAGE: Well, I think to some degree, Steven’s quite right, in that I would kind of like to subscribe to Eric’s view that we’re going to have a much more serious conversation, a much more bipartisan conversation.

But I think it’s equally possible that you’re actually going to see people throw their hands up and say, oh, it’s all such a mess. I don’t really want to make sense of it. I don’t want to deal with it. And, in that way, it sort of serves an anti-government message, and in some ways, even serves sort of the Tea Party message in ways that maybe were intended and maybe weren’t.

But I think there’s also a danger for the Republican Party in all of this, which is to say that these divisions that we’re seeing right now within the Republican Party between moderates and Tea Party conservatives and also between a sort of establishment business class, which is very, very alarmed about what’s happening, and this more right-wing part of the party, that actually may in fact spell destruction for the Republican Party.

Those are divisions that have been there for a long time. They have often been papered over. But when you’re on the brink of financial catastrophe in the way that we were, we may not see them be papered over, and we may in fact see some sort of political realignment coming out of this.

You can read the complete transcript here: http://www.pbs.org/newshour/bb/politics/july-dec13/governing_10-17.html

All three guests made good points, though the views of conservatives and liberals are typically generalized in such discussions and I think issues of most concern to citizens on a grassroots level are often not the ones being debated enough in Washington D.C. There definitely needs to be more political discussion between left and right not just within government but among the general public. Increased communication and education is the best defense against “divide and conquer” tactics but of course this is easier said than done because politics has become a taboo subject for many, mainly due to fear of getting into heated arguments. But perhaps this fear is unwarranted because there’s many issues that the left and right can agree on (though motives and priorities may differ). These are just some of the more topical examples:

  1. End the Wars – As demonstrated by widespread negative reaction to war threats against Syria, people are perhaps becoming more aware of political trickery thus becoming harder to persuade. Also, as living standards drop for more people, the connection between costly foreign policy and the nation’s declining economy and infrastructure has never been more obvious.
  2. Stop the Surveillance State – Privacy is a universal human need. Mass spying on citizens is illegal and unethical whether online or through drones and informants.
  3. End Unjust Trade Agreements – Agreements such as NAFTA and the Trans-Pacific Partnership (TPP) hurt working people and endangers health and safety, the environment, and national sovereignty.
  4. End the Fed – We’ve endured 100 years of a “Federal” Reserve run by private bankers and all we have to show for it is a debt of tens of trillions of dollars. It will never be paid off as long as we continue to use interest-bearing federal reserve notes as currency.
  5. Create Affordable Health Care – It can be argued that Obamacare is an incremental improvement but everyone knows it’s not enough and is far more beneficial for greedy insurance companies than the poor.
  6. End the Drug War – We can all agree the Drug War is a colossal failure (when it comes to the stated purpose of reducing drug addiction). It has only increased incarceration rates while enriching the prison-industrial complex and drug cartels. We need to adopt policies that have proven to be effective such as legalization, decriminalization and harm-reduction.
  7. Stop GMOs – GMOs are unnecessary, physically and economically harmful to farmers, may have potentially catastrophic effects on the ecosystem, and only serves to increase profits for companies like Monsanto.
  8. End Obscene Economic Inequality – Complete economic equality might not be possible, but when economic inequality reaches absurd and unsustainable levels as they have today, obviously something needs to change.
  9. Protect Internet Freedom – Legislation such as the NDAA, SOPA and PIPA indicate that government and corporations are threatened by the internet. Attacks against internet freedom are attacks against freedom of speech, freedom of information and cognitive liberty.
  10. Ignore Corporate News – Another point of agreement between right and left is the corporate news media’s increasing irrelevancy and bias. Today it is not so much a liberal or conservative bias as it is a neoliberal and neoconservative bias.